Blog Category: SBA Loans
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SBA 8a Certification: What Is It, Its Benefits, and How to Obtain It
The goal of the federal government is to award a minimum of five percent of all federal contract spending to small, disadvantaged businesses every year. One way this is done is with 8a certification. What does it mean when you hear someone mention a company has earned 8a certification? It means the business has applied for the […]
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How to Get Startup Funding for Your Small Business
What’s the most challenging thing about starting a business? You guessed it; it’s financing! We totally get the excitement that comes with a business idea and the frustration that follows when you can’t finance it. The longer you take to find your startup funding, the more you lose your enthusiasm and motivation for the business. […]
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What is a Paycheck Protection Program (PPP) Loan: An Essential Guide
Is your small business currently struggling and experiencing loss of revenue? You’re not alone. More than 100,000 small businesses have closed in 2020. The good news is that there are relief programs that you might qualify for to help your small business. PPP loan, or Paycheck Protection Program loans, fund payroll, rent, mortgage, interest, and […]
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SBA Paycheck Protection Program (PPP) vs. the EIDL Program
The United States economy is still under siege due to the coronavirus pandemic. Southern states like Florida and Texas are now being rocked by the virus. Florida is now reporting over 10,000 positive cases per day. To limit the spread of the virus, these states have no choice but to close businesses once again. For […]
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PPP Loan Forgiveness: What to Know to Get Your Loan Forgiven
The Paycheck Protection Program (PPP) is a loan program worth nearly $670 billion. It was enacted by the U.S. Federal Government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. With a PPP loan, small business owners could have access to the funds required to keep their operation afloat throughout the COVID-19 pandemic. To achieve loan forgiveness and avoid […]
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How to Apply for a PPP Loan: Everything You Need to Know
The global economy is in peril due to the coronavirus pandemic. Across the United States, businesses are closing their doors at the government’s request. How can American businesses expect to survive without revenue? There is a sliver of hope during these distressing times. The United States government authorized the Paycheck Protection Program (PPP) to bailout […]
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Small Business Administration Loans and How to Get Approved
According to reports, there are over 30 million small businesses in the US. In addition, small businesses employ 47,5% of the workforce, which equates to roughly 58.9 million people. Small business owners need to know more about Small Business Administration loans. Thanks to the fact that small businesses are powering the US economy, the government […]
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Financial Help During Coronavirus: How Does an SBA Disaster Loan Disbursement Work?
The effect of the COVID-19 pandemic on America’s GDP is likely to be even greater than that of the global recession in 2008. Small business owners are now needing to know how an SBA disaster loan disbursement works. This catastrophic impact will affect all businesses, but small businesses may be in particular danger. Many will […]
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US Business Funding for Small Businesses: How to Get a Grant
According to US business funding statistics, over 60% of new businesses fail within ten years. One of the top reasons why so many small businesses go under is lack of capital. Building a business takes resources, and not all new businesses can generate enough profits to support growth. Up to 77% of small businesses are initially […]
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10 Reasons for Startup Businesses to Apply for SBA Loans
The U.S. Small Business Administration (SBA) estimates that more than 627,000 new businesses open in the country every year. Are you at the helm of one of them? As you seek to get your startup off the ground, it’s likely that your expenditures will outpace your capital, at least in the beginning. This is where […]
